Successful Couples Have These 10 Money Habits
Being a financially effective couple has nothing to do with being rich. It has to do with managing the money you have and allocating it effectively toward the things you value and want to do in life.
It also comes from knowing you and your partner’s money stories and money personalities.
Here are 10 habits that can help you become one of those couples that “have it together” when it comes to their money — and tips on how to get there.
Understand You've Shared Vs. Personal Expense
This can help you eliminate spending on some things you’re both paying for (it happens!) and get a sense of your actual shared bills to utilize your joint account better and start spending as a team.
Know Your Strengths and Weaknesses
Rather than expect the more free-spirited person to become the master of spreadsheets, think about how they can best contribute to the financial relationship.
Understand Your Needs, Wants, and Goals
By creating buckets, for example, using the 50/30/20 rule (50% on needs, 30% on wants, and 20% to savings), you can start effectively planning with your money rather than just saving and spending sporadically.
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